| | | | | | | | | TO: | Finance and Economic Resiliency Committee Members
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| FROM:
| Alina T. Hudak, City Manager |
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| | DATE: | March 22, 2024
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| | SUBJECT: | DISCUSS BRINGING THE SAILGP EVENT TO MIAMI BEACH IN APRIL 2025 |
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| | | | | | | | HISTORY:
| | At the request of Commissioner Joseph Magazine, the Mayor and City Commission referred an item (C4 U) to the Finance and Economic Resiliency Committee (FERC) during the March 13, 2024 City Commission meeting to review and discuss bringing the SailGP event to Miami Beach in April 2025. |
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| | | | | | | | ANALYSIS:
| As noted in the referral memorandum (attached), SailGP is a prestigious global professional sailing racing league often likened to Formula on the water. Founded by Larry Ellison (Oracle co-founder), SailGP has gained international recognition for its thrilling races held in iconic waterfront locations around the world, including Sydney, St. Tropez, Dubai, New York City, and many others. |
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| | | | | | | | CONCLUSION:
| | It is recommended that the Finance and Economic Resiliency Committee discuss the proposed event and provide a recommendation as to policy direction. |
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| | | | | | | | Applicable Area
| | South Beach |
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| | | | | | | | | Is this a "Residents Right to Know" item, pursuant to City Code Section 2-14? | | Does this item utilize G.O. Bond Funds? | | | Yes | | No | |
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| | | | | | | | Strategic Connection
| | Prosperity - Market and promote Miami Beach as a world class arts, culture, and quality entertainment destination. |
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